09 Nov 2017
BBVA Compass received a perfect score of 100 percent on the 2018 Corporate Equality Index, a measure of workplace equality for lesbian, gay, bisexual, transgender and queer employees that serves as a benchmark for some of the country’s largest and most influential workplaces.
03 Nov 2017
02 Nov 2017
BBVA Compass put its effort to bring more women into leadership positions on a visible perch by sponsoring last week’s International Women’s Forum in Houston, where women leaders from more than 30 countries came together over two days to dig into issues and explore solutions. The bank capped its involvement in the event by inviting several of its female employees to the induction of Hillary Clinton into the IWF and Leadership Foundation Hall of Fame.
19 Oct 2017
BBVA Compass and the Houston Dynamo wrapped up their joint campaign to raise money for Hurricane Harvey relief efforts with a series of community events that ended when the Dynamo took the pitch at BBVA Compass Stadium for the Ninth Annual BBVA Compass Dynamo Charities Cup.
11 Oct 2017
BBVA Compass has closed a $5 million equity investment in Pathway Lending, becoming the largest investor in Alabama’s effort to build up small businesses in the state’s Appalachian region. Pathway Lending, a Community Development Financial Institution certified by the U.S. Department of Treasury, will operate the state’s new loan fund for small businesses in the 37 counties of Appalachian Alabama.
04 Oct 2017
26 Sep 2017
BBVA Research USA economists revised upward their estimate of the economic impact of Harvey, putting it at up to $111 billion, which would make it the second most costly natural disaster in recent U.S. history after Hurricane Katrina.
20 Sep 2017
Say you go into a hair salon and want to pay your stylist a tip, but you don’t have any cash on hand. Instead, you use your credit card and pencil in a tip amount. Given the fees merchants have to pay for the ability to accept debit or credit card payments, perhaps you’ve asked yourself how much of the tip will actually make it to the stylist. Will the merchant take a cut of it in order to help pay those fees?
After Tropical Storm Allison drenched Houston and caused billions of dollars in damages in 2001, Harris County spent tens of millions of federal dollars to redraw its floodplain maps to more accurately reflect the risks. Now, 16 years later, after Hurricane Harvey left some homes flooded for the third time in as many years, those same maps are in the crosshairs.
20 Jul 2017
NBA All-Star Kevin Durant surprised students Thursday at IDEA Rundberg in Austin as part of BBVA Compass’ Summer of Opportunity initiative to pay it forward through random acts of kindness.
13 Jul 2017
BBVA Compass, which has channeled $79 million in community development loans and investments in rural Texas communities since 2015, was honored with a Rural Matters award last month at the Texas Rural Challenge.
27 Jun 2017
Low- to moderate-income seniors have a new place to call home in Huntsville, Ala., after the grand opening on June 15 of Lenox Park Apartments, a 60-unit development financed by BBVA Compass.
23 Jun 2017
Halfway into its five-year, $11 billion commitment to serving low- to moderate-income communities, BBVA Compass has made tens of thousands of pinpoint investments and loans that have changed lives and created opportunities.
22 Jun 2017
BBVA Compass is sponsoring the Houston Pride Parade for the fifth year in a row, putting its signature blue colors atop the main festival entrance this weekend in a show of support for one of the nation’s largest Pride Celebrations.
15 Jun 2017
Dozens of families in one of the areas where the country’s digital divide is the widest will be getting free internet access thanks in part to BBVA Compass’ steadfast commitment to using the power of digital to create opportunities in its communities.
06 Jun 2017
Twenty social entrepreneurs from Texas who have channeled their passions into solving an array of society’s issues were selected to join the inaugural U.S. class of BBVA Momentum, an intensive seven-month training program for those who want to change the world through their work.
24 May 2017
BBVA Compass shored up its commitment to alleviating Colorado’s affordable-housing crisis, closing a $1.8 million equity equivalent investment this month in the Mile High Community Loan Fund so that the organization can continue to give affordable-housing developers access to the capital they need.
22 May 2017
BBVA Compass, already punching above its weight in its drive to become the lender of choice among small businesses and entrepreneurs, is launching a Year of Opportunity for Small Business by marshaling its expert employees to lead more than 70 workshops in May on the financial fundamentals of running a small business.
18 May 2017
Ambitious social entrepreneurs from Texas are gathering today at the McCombs School of Business at the University of Texas at Austin to make their case for joining the inaugural class of BBVA Momentum, an intensive seven-month training program for entrepreneurs who want to change the world through their work.
04 May 2017
01 May 2017
One of the first projects BBVA Compass pursued after the bank made its $11 billion commitment to low- to moderate-income communities in late 2014 has come online and put 128 low-income Austin families in green homes zoned to some of the area’s best schools.
20 Apr 2017
BBVA Compass debuted its new website last month, with a look and feel that showcases the bank’s focus on transparent communications that empower its clients and on making its information and services accessible to everyone.
11 Apr 2017
BBVA Compass enlisted NBA Legend Bob Lanier and WNBA Legend Allison Feaster to tip off a WNBA Cares event last Thursday to inspire and teach financial literacy to local students at McAllen ISD’s Victor Fields Elementary School.
07 Apr 2017
BBVA Compass’ investment in a newly constructed affordable housing project in Fort Worth was held up as a model of public and private cooperation last week during a VIP tour of the facility.
BBVA Compass is relying on a variety of vehicles — including $16.3 million in federal Low-Income Housing Tax Credit equity, a $17.2 million construction loan, $5.7 million in permanent debt, $1.2 million from the City of Fort Worth and $700,000 from the City of Fort Worth Housing Finance Corporation — to finance the 140-unit development known as Columbia at Renaissance Square.
03 Apr 2017
BBVA Compass is putting out the call to social entrepreneurs in Texas who are eager to scale up so that they can have greater impact on people’s lives. The bank will select up to 20 to participate in BBVA Momentum, an intensive seven-month training program for entrepreneurs who want to change the world through their work.
27 Mar 2017
Dan Rather, who got his big break covering Hurricane Carla as it barreled toward Texas in 1961, saluted the American Red Cross of Greater Houston and its supporters like BBVA Compass for their “willingness of heart” at the disaster relief organization’s annual fundraising luncheon last week.
14 Mar 2017
BBVA Compass economists lay out their reasons for raising their estimate to three rate hikes in 2017 in their latest Fed Watch report, pointing to the underlying strength of the economy and a series of hawkish speeches by key Federal Open Market Committee members.
07 Mar 2017
BBVA Compass and Opportunity Finance Network on Tuesday welcome their inaugural class of 25 Opportunity Fellows to Birmingham for a three-day training session where they’ll explore how to lead the change necessary to give underserved communities equal access to capital.
16 Feb 2017
This month’s BBVA Compass Volunteer Summit in Houston brought together the bank’s top volunteers – employees who step up beyond their regular jobs to help lead the bank’s community efforts.
30 Jan 2017
BBVA Compass Chairman Manolo Sánchez, who immigrated to the U.S. from Spain, was honored last week in his adopted hometown with an Arrival Award from the University of Houston Law School’s Immigration Clinic.
21 Dec 2016
BBVA sent a contingent to the heart of New York City’s Financial District earlier this month for the invitation-only Blockchain Opportunity Summit, where executives from various industries explored how distributed ledgers, smart contracts and blockchain can drive the next generation of commerce.
08 Dec 2016
Super Bowl LI will have a net economic impact on Houston of $69 million, which is a small fraction of the city’s economic output but still a welcome boost to its bottom line and, most importantly, its image, BBVA Compass economists say in a new report.
08 Nov 2016
BBVA Compass, the nation’s 22nd-largest bank by deposit market share, is punching way above its weight in its drive to become the lender-of-choice for entrepreneurs and small businesses.
07 Nov 2016
Miami’s movers and shakers came out in force in late October for the Spain-US Chamber of Commerce annual gala, where BBVA Compass was given the chamber’s Company of the Year award.
04 Oct 2016
In its largest show of support for an organization targeting HIV, BBVA Compass is teaming up with the Elton John AIDS Foundation to reinforce the organization’s work in the Southern U.S.
Sir Elton John created his foundation nearly 25 years ago, and it has since raised more than $350 million and become a global leader in the fight to end AIDS. Its ongoing work in the South is critical: The epicenter of the nation’s HIV epidemic has moved from the coasts — the first AIDS cases were reported in Los Angeles and New York City in 1981 — to the 16 states and District of Columbia that make up the South, according to the Centers for Disease Control.
26 Sep 2016
BBVA Compass Talent & Culture Executive Rosilyn Houston debuted Monday on American Banker’s 25 Women to Watch list, part of the magazine’s annual Most Powerful Women In Banking series on the industry’s top female executives.
15 Sep 2016
A new report on consumers’ adoption of mobile deposit found that BBVA Compass offers one of the best experiences with the convenient feature that allows people to deposit checks with their smart devices.
24 Jun 2016
The Federal Reserve Board released the results Thursday of the latest round of the Dodd-Frank Act Stress Test, which reported that BBVA Compass projections again exceeded the minimum applicable regulatory requirements for all nine quarters in the severely adverse hypothetical scenario as defined by the Fed.
The stress test, to which 33 of the country’s largest financial institutions were subjected, is designed to evaluate whether the firms have sufficient capital to absorb losses in a hypothetical, severely adverse scenario. The scenario depicts economic conditions that are more adverse than expected conditions.
The results released on Thursday were from the first of two Fed stress tests. The results of the Comprehensive Capital Analysis Review, or CCAR, will be released next week.
BBVA Compass posts the results, and the full disclosure for both stress tests, here.
22 Jun 2016
Banks need to catch up and capture the zeitgeist of the digital and sharing economies and put power squarely in the hands of their clients if they want to thrive in today’s world, BBVA Compass Chairman and CEO Manolo Sánchez said in a keynote address at American Banker’s Digital Banking Conference Tuesday in New Orleans.
20 Apr 2016
Internet access is now the dominant factor in financial inclusion, overtaking other variables such as race or education levels in determining whether someone participates in the traditional banking system, BBVA Compass economists write in an op-ed posted Thursday on American Banker’s BankThink blog.